Mind Map

Sole Proprietorship

A business that is run by one person

Ex. YouTubers, Tutors

Corporation

A group of people responsible for an
ownership, acting as one person

Ex. Apple, Walmart

Co-operative

A business that is generally
run by a community

Ex. Agricultural services

Service

The action af a person helping someone

Ex. Uber Eats

E-commerce

When products are being sold and
bought online

Ex. Amazon

Partnership

A business that is run
by 2 or more people to
take responsibility.

Ex. Nike and
Michael Jordan

Franchise

An owner that operates its own
licenses such as products, advertisements
etc.

Ex. KFC. Dominos

Merchandising

When goods are being promoted
and sold and how a product
is being marketed

Ex. Urban Planet

Manufacturing

How goods are made with machines or
by hand that are intended to be sold

Ex. Automobile
industry

Non Profit

an organization not focused on making a profit

Ex. Libraries